ENHANCED PUBLIC HOUSING CONTENTS INSURANCE

Transcription

1 ENHANCED PUBLIC HOUSING CONTENTS INSURANCE A. Our Contract This Policy forms a legally enforceable contract between You and Us. We will insure You and pay the benefits of this Policy in return for the premiums You pay. We insure You based on the information that You have provided to Us in the Application Form and through any other means. You are to ensure that all information that You have provided are accurate and that You fully and faithfully disclose to Us all important facts which You know or ought to know in respect of this insurance. Failing this, this Policy may be void and You may not receive any benefits under this Policy. B. Your Policy Coverage General note: For the avoidance of doubt, all references to the annual limits per Policy Period in this Policy are based on 12 months period blocks from the inception date stated in the policy schedule and its subsequent blocks for multiple year policy. Household Contents We will cover You for loss or damage to Household Contents within the confines of Your Residence caused by the following Insured Perils: Insured Perils Excess Fire, Subterranean Fire, Lightning or Thunderbolt - Explosion of domestic appliances - Smoke - Earthquake - Bursting or Overflowing of domestic water tanks, apparatus or pipes. This peril is $ applicable only if the Building is not left unoccupied for more than thirty (30) consecutive days. Vehicle collision or impact by any Vehicle that does not belong to You or is under - Your control. This includes impact from falling tree(s) or branches Aircraft and other aerial devices and articles dropped from such aircraft or aerial devices - Riot, Strikes or Malicious act - Spontaneous Combustion - Theft by violent and forcible entry, up to an annual policy limit specified in the policy schedule. $ Our total liability in respect of loss or damage by all or any of the Insured Perils during any one Policy Period shall not exceed the combined total of the maximum Household Contents annual limit stated in the policy schedule. We will cover: Any loss or damage that is due to Theft by violent and forcible entry, up to 25% of the Household Contents annual limit as specified in the policy schedule. You will have to pay the Excess of $100 for every claim or series of claims; Any loss or damage to Jewellery and furs with the exception of Theft by violent and forcible entry, up to $1,000 per article and no more than 30% of the Household Contents annual limit, as specified in the policy schedule. You will have to pay the Excess of $100 for every claim or series of claims; Works of art, paintings, fine glassware and crystal, tapestries, antiques and other collectible property, up to $200 per article and no more than 5% of the Household Contents annual limit, as specified in the policy schedule, in a Policy Period; and/or Up to $3000 for Household Contents belonging to Your Domestic Worker. We will not cover: Any loss or damage caused by flood or overflow except as provided for and specifically insured by this Policy; Any loss or damage caused by hurricane, cyclone, typhoon and windstorm to the Household Contents unless all outside doors, windows and other openings are complete and protected against such perils. We do not pay for any loss or damage to window grills, awnings, blinds, signs and other outdoor fixtures or fittings including gates; Loss of or damage to the Household Contents by landslip, subsidence or settlement of soil except when resulting from earthquake or volcanic eruption; Any loss or damage to Contents caused by pressure waves or any phenomenon associated with the same which is caused by aircraft and other aerial devices travelling at sonic or supersonic speeds; Any loss or damage to manuscripts, plans, drawings, designs, patterns, models or moulds; Any loss or damage to securities or documents of any kind, stamps, coins or paper money, cheques, books of accounts or other business books, or computer systems records; Any loss of cash; and Any loss or damage to Contents left outside the confines of Your Residence. Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 1

2 Alternative Accommodation We will cover You for the reasonable cost of alternative accommodation to restore Your Residence to a habitable condition if Your Residence is made uninhabitable by any Insured Peril under the Building cover of this Policy, up to the annual limit as specified in the policy schedule. We will only pay once under this cover for any one Policy Period. We will not cover You for: any costs incurred under this Alternative Accommodation cover beyond the period of ninety (90) consecutive days from the date of the loss or damage to Your Residence. Personal Liability We will cover You for the amount (including all reasonable costs and expenses) which You and Your Immediate Family are legally liable to pay as compensation for: Accidental death or bodily injury to any person; or Accidental damage to property. We will pay up to the annual limit as specified in the policy schedule for the relevant Policy Period. We will not cover for: loss or damage due to your intoxication or impairment from Your use of alcohol, illegal drugs or medication; death or bodily injury to members of Your Immediate Family; death or bodily injury to any person employed by You which arises in the course of their employment in Your Residence; death or bodily injury which You or the third party can claim for under the Work Injury Compensation; injury, sickness, death or destruction caused intentionally by You or at Your direction or arising out of a communicable disease that You transmit; loss or damage to any property belonging to, or held in trust by, or is in the custody, care or control of You or members of Your household; any fines, penalties, punitive and exemplary damages; non-personal losses which in any way is due to: - any business activity conducted by You whether Your own or for others, - any professional services provided by You, - any contract for which losses You would not have been liable if such contract did not exist; any contract or agreement entered or assumed by You whether written, verbal or implied, where liability would not have attached in the absence of such contract or agreement including but not limited to Your liability as a landlord or Your liability as a tenant; any Compensation for damages in respect of judgments not in the first instance delivered by or obtained from a court of competent jurisdiction within Singapore. any costs and expenses of litigation recovered by any claimant from You or Your Immediate Family member which are not incurred in and recoverable in Singapore; any liability relating to or arising from the carrying out of alterations, additions, repairs or decorations to any buildings; and any liability arising from the ownership, use or maintenance of aircraft, watercraft, locomotive, automotive or any mechanically propelled vehicle. We will not cover You for any admission of liability, payment to or agreement with third parties on Your part that was made without Our prior written consent. Worldwide Personal Accident We will cover You or Your spouse from bodily injury caused by an Accident arising solely, directly and independently of any other causes and death that results within three hundred and sixty-five (365) days from the date of such Accident, up to the annual limit as specified in the policy schedule. This coverage is provided twenty-four (24) hours a day, anywhere in the world. We will not cover: If You and/or Your spouse is/are older than 65 years old at the time of the Accident; Death resulting from a suicide or attempted suicide; Death resulting from self-inflicted injury, pregnancy, childbirth, any kind of diseases or illness, pre-existing physical or mental defect or deficiency; and Death resulting from engaging or taking part in naval, military or air force service or operations, driving or riding in any kind of race, sports in a professional capacity or flying on an aircraft except as a fare-paying passenger. C. Your Policy Exclusions 1. General Exclusions We will not cover for: a) losses not occurring during this Policy Period; b) loss or damage due to an act of God unless otherwise stated in Part B above; c) any loss or damage due to the Order of any government, public authority or customs officials; d) any loss to the Building which HDB or its appointed contractor has undertaken or is legally bound to repair or reinstate for those HDB properties insured under this policy; e) any loss, damage or liability resulting from Fungi, and the presence, growth, proliferation, spread or any activity of Fungi, wet or dry rot or bacteria however caused, including any resulting loss and; Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 2

3 In addition, there is no coverage to test for, monitor, clean up, remove, remediate, contain, treat, de-toxify, neutralise, or in any way respond to or assess the effects of Fungi, wet or dry rot, or bacteria. In respect of the Policy cover on Personal Liability We shall not be liable for "bodily injury" or "property damage under the Personal Liability cover resulting from Fungi, wet or dry rot, or bacteria. We will also not pay for any liability imposed on You by any government or public authority for any loss or damage caused by, arising out of, aggravated by or resulting from Fungi, wet or dry rot, or bacteria. 2. Negligence, Wilful, Criminal or Fraudulent Act We will not cover You for any loss, damage or liability which in any way is due to: negligence, wilful, criminal or fraudulent act on Your part; negligence, wilful, criminal or fraudulent act of Your relatives, Immediate Family, employer, employees, legal representatives, Domestic Worker, house-/room-mates, tenant(s) or anyone who is authorised to gain access to Your Residence. 3. War and Terrorism We will not cover any loss damage, injury or liability directly or indirectly caused or contributed to by: war, invasion, act of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, mutiny, rebellion, revolution, insurrection, military or popular uprising, or usurpation of power; or any Act of Terrorism and any action taken in controlling, preventing, suppressing or in any other way relating to any Act of Terrorism. 4. Nuclear Risks We will not cover any loss, damage, injury or liability directly or indirectly caused or contributed to by: ionizing radiation or contamination by radioactivity from any nuclear fuel or any nuclear waste from the combustion of nuclear fuel, including any self-sustaining process of nuclear fission; or the use of any nuclear weapons material. 5. Exclusion of Third Party Rights A person who is not a party to this contract will have no rights under the Contracts (Rights of Third Parties) Act 2001(Cap. 53B) to enforce any of its terms. 6. Economic Sanctions The Insurer will not be liable to provide any coverage or make any payment under this Policy if to do so would be in violation of any sanctions law or regulation which would expose the Insurer, its parent company or its ultimate controlling entity to any penalty under any sanctions law or regulation. 7. Confiscation or Detention by Government Authorities Any loss (whether temporary or permanent) of Your property or any part thereof by reason of confiscation, requisition, detention or legal or illegal occupation of such property or any premises, vehicle or thing containing the same by any government authorities. 8. State of Emergency Any loss, damage or other contingency happening during the existence of a state of emergency as declared by the local authorities (whether physical or otherwise) which is occasioned by or through or in consequence directly or indirectly of any of the said occurrences except to the extent that You shall prove that such loss, damage or other contingency happened independently of the existence of the state of emergency as declared by the local authorities. D. Your Conditions 1. Geographical Coverage This Policy coverage is limited to loss, damage or liability occurring within Singapore unless otherwise stated in Part B of this Policy. 2. Governing Law This Policy is governed by the laws of Singapore. 3. Burden of Proof If We allege that by reason of any of the exclusions under Part C above, any loss, damage, injury or liability is not covered by this Policy, the burden of proving the contrary shall be on You. 4. Duty of Disclosure As explained in Part A of this Policy, all information You provide to Us in the Application Form and through any other means form the basis of this contract of insurance between You and Us. You must inform us immediately if any of the information that You have given us changes or is no longer accurate. You must also inform Us of any other facts which You know or ought to know which may affect Our decision whether to continue to insure You and on what terms. These information/facts could result in additional premium being payable and different terms and conditions may apply on this Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 3

4 Policy. If such information is not disclosed to Us or if there is any fraud, misstatement or concealment in respect of this Policy or of any claim, You may not receive any benefits under this Policy and/or We may cancel or void this Policy. 5. Duty of Care You must take all reasonable precautions to reduce or remove any risk of loss, damage or liability and keep the subject matter of insurance in good condition. 6. Pair and Set Where an item lost or damaged forms part of a pair or set, We will not pay more than the value of any particular part which may be lost or damaged nor more than a proportionate value that the lost or damaged item bears to the value of the pair or set. Our payment will exclude any special value which such item may have as a pair or set. 7. Due Diligence You will observe, comply and fulfill the terms, provisions, conditions and endorsements of this Policy in so far as they relate to anything to be done or complied with. If You fail to observe, comply with or fulfill any of the terms, provisions, conditions and endorsements of this Policy, We are not liable to make any payment under this Policy. 8. Notification and Claims Procedures In the event of an occurrence that may lead to a claim under this Policy: You must take necessary measures to prevent and avoid further loss or damage; You must give immediate written notice to Us of the occurrence in any case no later than seven (7) days after the occurrence of any event which may give rise to a claim; In the case of Theft or any criminal act, You must immediately lodge an official report with the police or, where appropriate, to a recognised governmental law enforcement agency. You will also co-operate with Us to secure the conviction of the offender. You must not make any admissions, offers, promises or payment, or conduct any negotiations, without Our prior written consent; You will deliver to Us within thirty (30) days after the receipt of a claim form from Us, such details and written proof as may be required under such claim form or by Us from time to time; You must notify and forward to Us every letter, claim, demand, Writ of Summons and process which is received in connection with the claim immediately on receipt. You will also notify Us immediately of any impending prosecution, inquests, Court proceedings or offers of settlement; and In the event of a Personal Accident claim under Part B of this Policy, We will be allowed, at Our own expense and upon reasonable notice to You, to subject You to a medical examination from time to time, or in the case of death, upon reasonable notice to Your personal representatives, to have a post mortem examination of Your body. 9. Conduct of Proceedings We may take over and conduct in Your name or the name of any other person covered under this Policy, any defence or settlement of any claim made against You or such other person and pursue in Your name or the name of such other person, for Our own benefit, against anyone responsible for any claim paid by Us. Anyone covered under this Policy shall promptly give Us all information and assistance as We may require. We shall have full discretion in the conduct of any proceedings and/or on how We settle a claim without any reference to You. 10. To Whom Payment of Proceeds Made Any payment made to You pursuant to a claim under this Policy will be an effectual discharge of Our liability for that claim. 11. Basis of Settlement The settlement of any claim under this Policy shall be either on (i) an indemnity basis or (ii) replacement as new for old with provision for necessary wear and tear, at Our sole option and discretion. We will, at Our sole discretion, decide whether to reinstate or pay for the cost of repairs. We will pay up to the maximum limit specified in the policy schedule for the cost of repairs following a partial damage or replacement as new following total loss or damage. 12. Subrogation No admission, offer, promise or payment shall be made by You without Our written consent and We shall be entitled if We so desire to take over and conduct in Your name the defence of any claim or prosecution or to prosecute in Your name for Our benefit any claim for indemnity or damages or otherwise against any third party, and shall have full discretion in the conduct of any proceedings in the settlement of any claim and You shall at Our request promptly give all such information and assistance as We may require. 13. Exceptions to Indemnity Notwithstanding anything to the contrary in this Policy, We will not indemnify You for any: Compensation for damage in respect of judgments not in the first instance delivered by or obtained from a court of competent jurisdiction within the Republic of Singapore. Costs and expenses of litigation recovered by any claimant from You which are not incurred in and recoverable in the Republic of Singapore. 14. Policy Reinstatement In the event of a claim arising from Insured Perils other than Theft, We may, at Our sole option and discretion, reinstate the Policy Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 4

5 and reserve the right to charge additional premium or reinstate the Policy without additional premium or terminate the Policy by sending 7 days notice by registered letter to You at Your last known address and any unused premium upon cancellation will be refunded on a pro-rated basis for the unexpired term of this Policy. In the event of a claim arising from Theft, the sum insured will be reduced by the loss amount for each and every claim and shall not exceed the sum insured stated in the Schedule. No reinstatement of the Policy will be allowed in the event such sum insured is exceeded. 15. Cancellation We may cancel this Policy by giving You 7 days notice at Your last known address. You may also cancel this Policy by writing to Us. You will not receive any refund of premium if on or before cancellation of this Policy: a claim has arisen; or You have not promptly paid the premium due. 16. Duplication of Cover and Other Insurance Cover If You make a valid claim under this Policy, and have more than one policy with Us which is the same product and provides the same cover, We will consider You to be insured under the policy which provides the highest benefit level. If the cover is for reimbursement of costs, expenses or third party liability payments and You have more than one policy with Us which provide the same or similar cover but which are not identical products, such costs, expenses or third party liability payments will be distributed proportionately between the policies based on the proportion of the cover limit. If however the cover is for reimbursement of costs, expenses or third party liability payments and You have insurance with other insurers providing the same or similar cover, We will only pay You Our proportion of the cover limit of Your claim based on the total number of policies covering such claim against the proportion of the cover limit of the other insurer(s) subject always to the limit under this Policy and any other policy(ies) You have with Us. 17. Dealing with Disputes Any disputes arising out of this Policy shall first be referred to the Financial Industry Disputes Resolution Centre Ltd (FIDREC), where it falls within FIDREC s jurisdiction. If the dispute cannot be referred to or resolved by FIDREC, it shall be referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre ("SIAC Rules") for the time being in force, which rules are deemed to be incorporated by reference in this clause. The Tribunal shall consist of one (1) arbitrator. 18. Waiver of Your Rights If We reject liability for any claim made under this Policy and it is not referred to arbitration within 12 months from the date of Our rejection, it shall be deemed that You have accepted Our rejection of Your claim and You have waived all Your rights with respect to such a claim Days Free Look Privilege You have 14 days from the receipt of this Policy to examine its terms and conditions. You may cancel this Policy within this 14 days period by written request to Us. If there is no claim made within this 14 days period, We will refund You any premium paid. If this Policy is sent by post, it is deemed to have been delivered in the ordinary course of post. Once this Policy is cancelled, We will have no liability under the cancelled Policy and We will be entitled to recover any expense incurred by Us in underwriting this Policy. This provision is not applicable to any policies with terms of cover of less than a year and to renewals. 20. Premium Payment for Annual Renewals Unless cancelled by You or by Us, this Policy will be automatically renewed by the payment of premium subject to all terms, conditions and exclusions of this Policy. Our acceptance of premium will constitute consent to renewal. In any event, Your coverage will terminate when the Policy terminates 21. Premium Payment for Monthly Renewals Unless cancelled by You or by Us, this Policy will be automatically renewed by the payment of premium subject to all terms, conditions and exclusions of this Policy. Our acceptance of premium will constitute consent to renewal. In any event, Your coverage will terminate when the Policy terminates. 22. Payment before Cover Warranty Notwithstanding anything contained in this Policy, You agree and acknowledge that: (a) The total premium due must be paid and actually received in full by Us (or the intermediary through whom this Policy was effected) on or before the Effective Date of this Policy or Renewal Certificate. (b) In the event that the total premium due is not paid and actually received in full by Us (or the intermediary through whom this Policy was effected) on or before the Effective Date, then the Policy or Renewal Certificate will be deemed to be cancelled immediately and no benefits will be payable by Us as cover never attached. Any payment received thereafter shall not affect the cancellation of the Policy or Renewal Certificate. (c) In respect of coverage with a "Free Look" provision, You may return the original policy document to Us or Our intermediary within the "Free Look" period if You decide to cancel the cover during the "Free Look" period. In such an event, You will receive a full refund of the premium paid to Us provided that no claim has been notified or made under this Policy. (d) If payment of full premium is to be made by credit card or bank GIRO whether monthly, annually or at such periods as may be agreed, the submission to Us of a complete and properly signed Direct Debit Authorisation form (or such other form as may be required by the card centre, bank or Us) to Us on or before the Effective Date will be deemed to be payment received by Us, subject to clause (e) below. Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 5

6 (e) In the event of any rejection by the card centre or bank of the Direct Debit Authorization Form (or such other form as referred to in clause (d) or any inability by Us to obtain payment of the premium by credit card or GIRO deduction due to any reason), We will allow a second attempt for the charge and deduction of the outstanding premiums from the relevant card centre or bank. Should the second attempt fail for any reason, the Policy or Renewal Certificate will be deemed to be cancelled immediately effective from the day of the month when premium was due and unpaid and no benefits whatsoever will be payable by Us as cover never attached. Any payment received thereafter shall not affect the cancellation of the Policy or Renewal Certificate. 23. Validity of Remainder of Policy In the event that any portion of this Policy is found to be invalid or unenforceable, the remainder of this Policy will remain valid, in full force and effect. 24. Data Use You have agreed and consented that We may collect, use and process Your personal information (whether obtained in this application form or otherwise obtained) and disclose such information (whether in or outside of Singapore) to the following: (a) Our group companies; (b) Our (or Our group companies ) service providers, reinsurers, agents, distributors, business partners; (c) brokers, Your authorized agents or representative, legal process participants and their advisors, other financial institutions; (d) governmental / regulatory authorities, industry associations, courts, other alternative dispute resolution forums, for the purpose stated in Our Data Privacy Policy which include: Processing, underwriting, administering and managing Your relationship with Us; Audit, compliance, investigation and inspection purposes and handling regulatory governmental enquiries; Compliance with legal or regulatory obligations, risk management procedures and Our internal policies; Managing Our infrastructure and business operations; and Carrying out market research and analysis and satisfaction surveys. Note: Please refer to the full version of Our Data Privacy Policy found at If You have not opted out, You have also consented to Us, Our group companies, service providers and business partners using, processing and disclosing Your personal information to: (a) Enrol You in contests, prize draws and similar promotions (b) Contact You to market other insurance, and/or Our, Our group companies and /or Our business partners financial products and / or services. If You have any questions about Our collection, use and disclosure of personal information, You may contact Our Data Protection Officer at singaporedataprotectionofficer@aig.com 25. Insurance Act (Cap.142) This Policy is issued in Singapore and is subject to the Insurance Act (Cap.142). When You applied for this Policy, a declaration made by You at that time that You are ordinarily resident in Singapore must satisfy any one of the following descriptions of being treated as "ordinarily resident in Singapore": You are a citizen of Singapore, unless You have resided outside Singapore continuously for 5 or more years before the application date of the Policy and are not currently residing in Singapore; You are a permanent resident, unless You have resided in Singapore for less than a total of 183 days in the 12 months before the application date of the Policy; You have a work pass or permit required under the Employment of Foreign Manpower Act (Cap. 91A), unless You have resided in Singapore for less than a total of 183 days in the 12 months before the application date of the Policy; or You have a pass or permit required under the Immigration Act (Cap.133) that has duration longer than 90 days and You have resided in Singapore continuously for at least 90 days in the 12 months before the application date of the Policy. If You do not satisfy any one of the above definitions of being "ordinarily resident in Singapore", You must notify Us immediately. 26. Written Notice Every notice or communication to be made under this Policy shall be given in writing to Us. 27. Currency All benefits payable under this Policy will be in Singapore dollars. When a claim is made by You for losses incurred in a foreign currency, We will pay You in Singapore dollars based on the prevailing currency exchange rate as determined by Us. 28. Assignment No assignment of interest under this Policy will be binding upon Us. We do not assume any responsibility for the validity of any assignment 29. Compliance with Policy Provisions The due observance and fulfillment of the terms and conditions of this Policy so far as they relate to anything to be done or complied with and the truth to the best of Your knowledge and belief of the information furnished to Us in connection with this insurance shall be conditions precedent to Our liability. Failure to comply with any of the provisions contained in this Policy will invalidate all claims Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 6

7 made under this Policy. 30. Entire Contract This Policy, policy schedule and where applicable certificate of insurance, hold cover letter/cover note, Endorsement, Application Form, declaration and any other statements in writing will be read together as one contract. In the event of a conflict, the terms, conditions or provisions of this Policy will prevail. No agent has the authority to change or waive any provisions of the insurance. No change of provisions will be valid unless approved by Us and such approval will be endorsed onto this Policy. 31. Fraud If You make any claim under this Policy which is in any respect fraudulent or if You or any one acting on Your behalf use any fraudulent means or devices to obtain any benefit under this Policy, all benefits under this Policy will be forfeited. E. Your Policy Definitions Any word or expression which has a specific meaning has the same meaning whenever that word or expression is used in this Policy, policy schedule, and where applicable certificate of insurance, hold cover letter/cover note and Endorsement. Accident means a sudden, unforeseen and fortuitous event. Accidental means a loss or damage occurring due to an Accident. Accidental Damage/Accidentally Damaged means the subject of coverage under this Policy being no longer able to perform its intended function due to an Accident. Accidental Death means death by or as a result of an Accident Act of Terrorism means an act which may or may not involve the use or threat of use of force or violence by any person or group of persons. This is regardless of whether any person or group is acting alone or on behalf or in connection with any organisation or government committed for political, religious, ideological or similar purposes including the intention to influence any government and/or to put the public or any section of the public in fear. Application Form refers to the completed form(s) signed by You for this Policy whether prior or subsequent to inception of this Policy or for and upon renewal of this Policy. Building means Your Residence and fixtures and fittings provided by HDB based on the prevailing standards and specifications as defined by HDB. The common areas, fixtures and fittings, interior decorations and household furniture added by You or by any previous owner(s) are excluded. Business means (i) a trade, profession or occupation including those conducted on a full-time, part-time or occasional basis; or (ii) any other legal activity in which one is engaged for money or other compensation. Domestic Worker means any house, stable or garden servant or motor car driver, employed in or in connection with the domestic services of any private premises as defined under the Employment Act (Cap. 91);. Effective Date means the commencement date of insurance, whether at inception or upon renewal as specified in the period of insurance under this Policy. Endorsement means a change to information of this Policy and/or the cover We provide. The endorsement which applies to this Policy will be shown in a schedule. Excess means the amount shown in the Policy or certificate of insurance which You must pay for every claim. Fungi means any type or form of fungus, including but not limited to, all forms of mould or mildew, and any mycotoxins, spores, scents, vapours, gas, or substance, including any by-products produced or released by fungi. HDB means the Housing and Development Board. Household Contents means Your interior decorations, fixtures and fittings installed by You (not provided by HDB), furniture and furnishings, clothing and personal effects belonging to You or Your Immediate Family or Domestic Worker permanently residing with You but excludes deeds, bonds, bills of exchange, promissory notes, cheques, travellers cheques, securities for money, documents of any kind, cash and currency notes. Immediate Family means any individual ordinarily residing in Your Residence and who is related to You by blood, through marriage or through adoption under any written law, including co-owners. Inception Date means the commencement date of insurance at inception as specified in this Policy. Jewellery means personal ornaments made of gold, silver, jewel or other precious metal and watches. Policy means the Application Form, policy terms and conditions, policy schedule and, where applicable, certificate of insurance, hold cover letter/cover note and Endorsement to this Policy. Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 7

8 Policy Period shall mean a period of 12 months from the inception or renewal date stated in the policy schedule. Policyholder means the person named in the Schedule as the policyholder and insured under this Policy. Residence means the dwelling place that You ordinarily reside in at the time of occurrence of an event giving rise to a claim under this Policy. If Your dwelling place is a landed property, the location of risk will be within the boundary walls, gates and fences of the landed property. Spouse means the Insured s Legal Spouse. Theft or Stolen means the dishonest and illegal act of theft, burglary, robbery or stealing committed against You and for which occurrence an official report is lodged or made to the police or recognised government law enforcement agency within a reasonable period of time of its occurrence. Water Pipes means rigid pipes that are found within Your Residence, frequently made of polyvinyl chloride (PVC/uPVC), ductile iron, polyethylene, or copper, and which carry water to and within Your Residence. We/Us/Our means AIG Asia Pacific Insurance Pte. Ltd. You/Your means the policyholder in this Policy and any member of the policyholder s Immediate Family provided cover is extended to include such Immediate Family as specified in the policy schedule. F. Your Policy Endorsements (where applicable) The following endorsements apply to this Policy only if the corresponding endorsement number is shown in the policy schedule under the heading Subject to Endorsement. Buildings We will cover You for loss or damage to the Building that are caused by the following Insured Perils: Insured Perils Excess Fire, Subterranean Fire, Lightning or Thunderbolt - Explosion of domestic appliances - Smoke - Earthquake - Bursting or Overflowing of domestic water tanks, apparatus or pipes. This peril is applicable only if the Building is not leftunfurnishedor unoccupied for more than thirty (30) consecutive days. $ Vehicle collision or impact by any Vehicle that does not belong to You or is under Your control. This includes impact from falling tree(s) or branches - Aircraft and other aerial devices and articles dropped from such aircraft or aerial devices - Riot, Strikes or Malicious act - Spontaneous Combustion - Theft by violent and forcible entry. The cover for this peril is applicable only if the Building is not left unoccupied for more than sixty (60) consecutive days. - Property Sum Insured : Flat Type 1 - Room Building Maximum Sum Insured $19, Room 3 - Room 4 - Room 5 - Room Executive / Multi-Generation Studio Apartment $26,500 $42,000 $69,500 $76,000 $100,000 $37,500 Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 8

9 Our total liability in respect of loss or damage by all or any of the Insured Perils during any one Policy Period shall not exceed the combined total of the maximum building annual limit stated in Your policy schedule. This Building cover will indemnify You as an additional cover to any HDB Fire Insurance policy, or its equivalent policy, which you may hold. In the event of an occurrence of any Insured Peril, You must first make a claim under the HDB Fire Insurance policy or its equivalent policy. We will reimburse You under this Building cover only for the balance amount of such loss not reimbursed under HDB Fire Insurance policy or its equivalent policy. We will not cover: Any loss or damage caused by flood or overflow except as specifically provided for and insured by this Policy; Any loss or damage caused by hurricane, cyclone, typhoon and windstorm to the Building unless all outside doors, windows and other openings are complete and protected against such perils. We will not pay for any loss or damage to window grills, awnings, blinds, signs and other outdoor fixtures or fittings, including gates; Loss of or damage to the Building by landslip, subsidence or settlement of soil except when resulting from earthquake or volcanic eruption; Any loss or damage to Building caused by pressure waves or any phenomenon associated with the same which is caused by aircraft and other aerial devices travelling at sonic or supersonic speeds; Electrical or mechanical breakdown(s); Depreciation due to wear and tear, the process of cleaning, dyeing, repairing or restoring, the action of light or atmospheric conditions, moths, insects, vermin or any other gradually operating cause; Bursting or overflowing of flexible water hose; Building which is not legally owned by You; and Building which is legally owned by others but under Your care, custody or control. IMPORTANT NOTICE This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact AIG Asia Pacific Insurance Pte. Ltd. or visit the AIG, GIA or SDIC web-sites ( or or Copyright in this Policy is reserved. No part of this Policy may be reproduced in whole or part without the express consent of AIG Asia Pacific Insurance Pte. Ltd. 9